Aakaanksha Subramaniam
Questions Asked
Regulations
#fsi#builder
What is 0.33 FSI mentioned in the papers? They say it is now 0.5 FSI. Does it mean it is over and above FSI available to builder?
What is 0.33 FSI mentioned in the papers? They say it is now 0.5 FSI. Does it mean it is over and above FSI available to builder?
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Answered on November 08, 2017
0.33 FSI additional Fsi as brought in by the Government when TDR cartel was raising TDR Pricing and making Housing Unaffordable. The 0.33 Additional FSI was introduced in 2008 at a Nominal Pricing. Thereafter the Govt to boost its Revenue Increased the aditional FSI Quantum to 0.50 and increased the Rate of additional FSi to 60% of ASR (Annual Schedule Rates of Ready Reckonner/ Land Rate)
Redevelopment
#mumbai#sell
I own a plot in Mumbai and I wish to erect a three-storeyed building with 2 flats on each floor and sell these flats. How do I go about doing this?
I own a plot in Mumbai and I wish to erect a three-storeyed building with 2 flats on each floor and sell these flats. How do I go about doing this?
Answered on November 08, 2017
Please contact Practising Architect in your area. We can try and find names if we get exact details for the area in which you operate
Purchase & Sales
#flat#dilapidated
Does it make economic sense to buy a flat in a dilapidated building?
Does it make economic sense to buy a flat in a dilapidated building?
Answered on November 08, 2017
One should not purchase a flat merely because it is cheaply available and that too in a dilapidated building, unlesss he is very sure that the property is going for a redevelopment in a very near future.
Purchase & Sales
#prices
If the builders are reaping benefits from lower prices in steel and cement, why don't they pass on these benefits to the consumers?
If the builders are reaping benefits from lower prices in steel and cement, why don't they pass on these benefits to the consumers?
Answered on November 08, 2017
Price of any commodity depends upon supply and demand. When prices of steel and cement are lower it implies that there is no sustainable demand from the real estate as well as infrastructure. As such combined cost of cement and steel forms a very small percentage of price of a real estate in mumbai so even the substantial decrease in rates of these commodities will not have any measurable impac...
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Aahwaana Ramesh
40 Answered
Answered on November 08, 2017
The Real Estate Act is intended to achieve the following objectives:
ensure accountability towards allottees and protect their interest;
infuse transparency, ensure fair-play and reduce frauds & delays;
introduce professionalism and pan India standardization;
establish symmetry of information between the promoter and allottee;
imposing certain responsibilities on both promoter and allottee...
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RERA
#society#promoter#legal
Is there any time limit prescribed for the promoter for formation of society or any other legal entity of home buyers?
Is there any time limit prescribed for the promoter for formation of society or any other legal entity of home buyers?
Dhvanil Vakharia,Design Engineer
31 Answered
Answered on November 08, 2017
( Source : maharera.mahaonline.gov.in) Promoter has to enable formation of Legal Entity like Cooperative Society, Company, Association, Federation etc. within three months from the date on which fifty one per cent of the total number of Purchasers, in such a buildin...
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Answered on November 08, 2017
Colours are always very personal, therefore can not be generalised. However, white furniture can go very well with any pastel shade or simply white painted walls!
Legal
#promoter#true#money#promised#constructed
I wish to lodge a complain in the court against our building promoter as he did not stand true on his promises and hasn't given us any amount of the money he promised. He has also illegally constructed extra floors. I want to know if I need to first appeal to a junior division and then go on to the senior devision or if I can directly to the senior division. I want to know the difference between a junior division and a senior division, and whether the adovactes need to be more educated to apply for a senior division?
I wish to lodge a complain in the court against our building promoter as he did not stand true on his promises and hasn't given us any amount of the money he promised. He has also illegally constructed extra floors. I want to know if I need to first appeal to a junior division and then go on to the senior devision or if I can directly to the senior division. I want to know the difference between a junior division and a senior division, and whether the adovactes need to be more educated to apply for a senior division?
This question has not been answered
Legal
#probate#flat#transferred#property#registrar
There was a probate from the Bombay high court that stated that my father's flat should be transferred to the trust that he has named. But this was not claimed and the property was transferred in my name as I am the only daughter of my late father and the trustee of the trust. I appealed to the deputy registrar to get this transferred in the name of the trust and it was passed as well. But the Man. committee is still not allowing this so I am holding the ownership being the trustee of the trust, is this allowed?
There was a probate from the Bombay high court that stated that my father's flat should be transferred to the trust that he has named. But this was not claimed and the property was transferred in my name as I am the only daughter of my late father and the trustee of the trust. I appealed to the deputy registrar to get this transferred in the name of the trust and it was passed as well. But the Man. committee is still not allowing this so I am holding the ownership being the trustee of the trust, is this allowed?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Question is vague and doesnt add up.
Legal
#register#property
I want to register my father's property on my name. Both my parents have passed away and my elder sister is married already. She received her share during her wedding. How can I get my share without much expenses?
I want to register my father's property on my name. Both my parents have passed away and my elder sister is married already. She received her share during her wedding. How can I get my share without much expenses?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Your sister would have to consent to the transfer of the property in your name and you can seek letters of adminsitration form a court of competent civil jurisdiction to permit you to administer the property and thereafter to transfer the same to your name with the consent of your sister.
Legal
#car#park#exchange#deal#parking
I have two apartments, one came with an uncovered car park and one came with a covered car park. Now I want to exchange the car parkings for these flats. How can I go about with this? Both the flats were purchased as a deal with the parking space. Will I have to bare an extra cost for this?
I have two apartments, one came with an uncovered car park and one came with a covered car park. Now I want to exchange the car parkings for these flats. How can I go about with this? Both the flats were purchased as a deal with the parking space. Will I have to bare an extra cost for this?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
As per the latest judgments of the Hon'ble Supreme Court, Open car parking spaces cannot be sold and forms part of the common area of the property. As such, you will not be able to transfer the parking spaces between your two flats without the consent of the society and/or organisation of flat purchaser.
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